Michael Reagan Ordered to Pay More than $600,000
<Ronald Reagan’s oldest son and two associates were ordered to pay more than $600,000 to a fellow businessman whom they deprived of an ownership interest in an email business he created to capitalize on the memory of the former president and cater to conservatives.
A Los Angeles Superior Court jury deliberated for most of the day before returning its verdict of $662,500 in favor of Elias Chavando late Tuesday afternoon.
She said the jury agreed that a partnership existed among the businessmen despite defense arguments to the contrary. She also said she was not concerned that the Reagan name would have a “star power” influence on the jury’s decision-making to Chavando’s detriment.
In his opening statement Jan. 13, the plaintiff’s other attorney, Mark Chassman, said the three defendants denied his client a $3.8 million share of the business generated from @Reagan.com when half of the business was sold to Chicago entrepreneur Anthony Saliba.
“They used greed, arrogance and strong-armed tactics … to enrich themselves,” Chassman said. “Ownership is the key to this case.”>
http://westsidetoday.com/2015/01/29/son-and-associates-of-ronald-reagan-ordered-to-pay-more-than-600000/
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